Total Value Locked (USD)

$97.12B

Maker Dominance

18.13%

DeFi Pulse Index

238.05

+8.07
(+3.51%)

Available fromTokenSets

Total Value Locked (USD) in DeFi

TVL (USD)
ETH
BTC

All
1 Year
90 Day
30 Day

Lending

DEXes

Derivatives

Payments

Assets

		Name	Chain	Category	Locked (USD)	1 Day %
🏆	1.	Maker	Ethereum	Lending	$17.65B	1.54%
🥈	2.	Curve Finance	Multichain	DEXes	$14.78B	1.09%
🥉	3.	Aave	Multichain	Lending	$10.98B	3.96%
	4.	InstaDApp	Ethereum	Lending	$10.70B	-7.98%
	5.	Compound	Ethereum	Lending	$10.00B	0.11%
	6.	Convex Finance	Ethereum	Assets	$9.63B	1.00%
	7.	Uniswap	Ethereum	DEXes	$8.29B	6.48%
	8.	yearn.finance	Ethereum	Assets	$3.82B	0.95%
	9.	SushiSwap	Ethereum	DEXes	$2.69B	-1.67%
	10.	Liquity	Ethereum	Lending	$2.42B	1.51%
	11.	Balancer	Ethereum	DEXes	$2.19B	-1.68%
	12.	Bancor	Ethereum	DEXes	$1.84B	-0.05%
	13.	Flexa	Ethereum	Payments	$1.37B	0.49%
	14.	Rari Capital	Ethereum	Assets	$1.27B	-6.23%
	15.	dYdX	Ethereum	Derivatives	$1.03B	0.54%
	16.	Fei Protocol	Ethereum	Assets	$850.1M	-4.45%
	17.	Alchemix	Ethereum	Lending	$835.3M	2.06%
	18.	TrueFi	Ethereum	Lending	$827.0M	-0.04%
	19.	RenVM	Ethereum	Assets	$791.3M	6.06%
	20.	DeFi Saver	Ethereum	Lending	$784.6M	0.61%
	21.	Alpha Homora	Ethereum	Lending	$763.1M	0.78%
	22.	Notional	Ethereum	Lending	$754.4M	-0.15%
	23.	Badger DAO	Ethereum	Assets	$662.6M	3.69%
	24.	Tornado Cash	Ethereum	Payments	$617.2M	-3.37%
	25.	Synthetix	Ethereum	Derivatives	$607.9M	2.78%
	26.	Nexus Mutual	Ethereum	Derivatives	$595.6M	2.61%
	27.	C.R.E.A.M. Finance	Ethereum	Lending	$593.9M	4.46%
	28.	Loopring	Ethereum	DEXes	$545.5M	3.43%
	29.	Index Coop	Ethereum	Assets	$540.2M	2.64%
	30.	Sablier	Ethereum	Payments	$487.7M	0.31%
	31.	Olympus	Ethereum	Assets	$292.6M	-22.58%
	32.	Harvest Finance	Ethereum	Assets	$253.9M	-0.08%
	33.	KeeperDAO	Ethereum	Lending	$248.2M	1.88%
	34.	Set Protocol	Ethereum	Assets	$246.7M	3.61%
	35.	Opyn	Ethereum	Derivatives	$214.4M	0.39%
	36.	Saddle	Ethereum	DEXes	$201.0M	0.82%
	37.	Ribbon Finance	Ethereum	Derivatives	$195.1M	1.89%
	38.	Origin Dollar	Ethereum	Assets	$192.3M	-0.33%
	39.	Reflexer	Ethereum	Lending	$192.1M	1.25%
	40.	Element Finance	Ethereum	Assets	$191.5M	1.31%
	41.	DefiDollar	Ethereum	Assets	$166.3M	-0.70%
	42.	Vesper	Ethereum	Assets	$164.5M	2.34%
	43.	Lightning Network	Bitcoin	Payments	$159.1M	3.73%
	44.	KEEP Network	Ethereum	Assets	$158.9M	2.51%
	45.	xDai	Ethereum	Payments	$145.5M	3.68%
	46.	mStable	Multichain	Assets	$143.8M	-1.61%
	47.	Enzyme Finance	Ethereum	Assets	$136.0M	2.68%
	48.	Pickle Finance	Ethereum	Assets	$119.6M	-1.05%
	49.	BoringDAO	Ethereum	Assets	$97.2M	3.53%
	50.	Metronome	Ethereum	Assets	$92.5M	1.85%
	51.	Idle Finance	Ethereum	Lending	$84.2M	-4.22%
	52.	DeversiFi	Ethereum	DEXes	$79.4M	1.18%
	53.	BiFi	Ethereum	Lending	$73.6M	2.17%
	54.	B.Protocol	Ethereum	Lending	$72.2M	0.77%
	55.	QiDao	Polygon	Lending	$68.3M	4.91%
	56.	DODO	Ethereum	DEXes	$67.8M	1.27%
	57.	DerivaDEX	Ethereum	Derivatives	$64.5M	-0.42%
	58.	Kyber	Ethereum	DEXes	$62.0M	2.85%
	59.	O3 Swap	Ethereum	Assets	$61.0M	-2.09%
	60.	Beta Finance	Ethereum	Lending	$59.5M	2.97%
	61.	Inverse	Ethereum	Assets	$55.0M	-0.92%
	62.	DeFi Swap	Ethereum	DEXes	$54.3M	1.88%
	63.	WePiggy	Ethereum	Lending	$38.1M	0.94%
	64.	1inch Liquidity Protocol	Ethereum	DEXes	$36.5M	5.86%
	65.	UMA	Ethereum	Derivatives	$35.2M	0.86%
	66.	dForce	Ethereum	Lending	$29.4M	1.78%
	67.	Bella Flex Saving	Ethereum	Assets	$28.0M	0.67%
	68.	Strike	Ethereum	Lending	$26.5M	-2.62%
	69.	Gnosis	Ethereum	DEXes	$26.1M	2.42%
	70.	Pendle Finance	Ethereum	Derivatives	$22.2M	-0.27%
	71.	DFX Finance	Multichain	DEXes	$21.1M	11.95%
	72.	BarnBridge	Ethereum	Derivatives	$18.9M	0.67%
	73.	Visor Finance	Ethereum	Assets	$18.0M	4.98%
	74.	bZx	Ethereum	Lending	$17.8M	0.67%
	75.	Shell	Ethereum	DEXes	$17.4M	1.21%
	76.	xToken	Ethereum	Assets	$15.3M	2.43%
	77.	IDEX	Ethereum	DEXes	$14.8M	6.93%
	78.	88mph	Ethereum	Lending	$14.8M	0.84%
	79.	HEGIC	Ethereum	Derivatives	$14.3M	2.35%
	80.	Cryptex	Ethereum	Derivatives	$14.1M	0.87%
	81.	dHEDGE	Ethereum	Assets	$10.3M	0.58%
	82.	Integral	Ethereum	DEXes	$9.7M	2.21%
	83.	InsurAce Protocol	Ethereum	Derivatives	$9.5M	-0.06%
	84.	OnX Finance	Ethereum	Lending	$9.4M	3.72%
	85.	Erasure	Ethereum	Derivatives	$9.4M	0.19%
	86.	Tranche	Multichain	Derivatives	$8.4M	-0.28%
	87.	C.R.E.A.M. Swap	Ethereum	DEXes	$7.9M	2.70%
	88.	Premia	Ethereum	Derivatives	$7.1M	-1.32%
	89.	Opium Network	Multichain	Derivatives	$6.3M	8.05%
	90.	DDEX	Ethereum	Lending	$6.2M	-7.69%
	91.	Warp Finance	Ethereum	Lending	$5.0M	0.91%
	92.	Mushrooms Finance	Ethereum	Assets	$4.8M	2.49%
	93.	Nsure Network	Ethereum	Derivatives	$4.5M	0.94%
	94.	Crypto Volatility Index	Multichain	Derivatives	$3.8M	2.94%
	95.	Convergence	Ethereum	DEXes	$3.8M	0.31%
	96.	cvault.finance	Ethereum	Assets	$3.0M	1.44%
	97.	PowerIndex	Ethereum	DEXes	$2.8M	5.77%
	98.	Dfyn Network	Polygon	DEXes	$2.8M	-96.62%
	99.	Impermax	Ethereum	Lending	$2.8M	2.21%
	100.	Wing Finance	Ethereum	Lending	$2.7M	1.33%
	101.	Augur	Ethereum	Derivatives	$2.4M	0.00%
	102.	Swerve Finance	Ethereum	DEXes	$2.2M	-0.01%
	103.	PieDAO	Ethereum	Assets	$2.1M	3.02%
	104.	MCDEX	Ethereum	Derivatives	$2.1M	-0.81%
	105.	Pods	Ethereum	Derivatives	$1.5M	-3.38%
	106.	Snowswap	Ethereum	DEXes	$1.4M	1.57%
	107.	Lien	Ethereum	Derivatives	$1.2M	1.69%
	108.	DFI.money	Ethereum	Assets	$1.0M	0.60%
	109.	Swarm Markets	Ethereum	DEXes	$993.1K	-2.19%
	110.	Siren	Ethereum	Derivatives	$931.0K	-31.33%
	111.	Auctus	Ethereum	Derivatives	$854.4K	4.89%
	112.	DOMANI	Ethereum	Assets	$820.5K	2.67%
	113.	Cover Protocol	Ethereum	Derivatives	$814.7K	-0.03%
	114.	PEAKDEFI	Ethereum	Assets	$813.4K	2.16%
	115.	Varen	Ethereum	DEXes	$776.9K	5.64%
	116.	ForTube	Ethereum	Lending	$730.8K	0.81%
	117.	Value DeFi	Ethereum	Assets	$723.3K	1.97%
	118.	Futureswap	Ethereum	Derivatives	$686.8K	1.37%
	119.	Volmex Finance	Ethereum	Derivatives	$675.1K	-0.61%
	120.	yAxis	Ethereum	Assets	$597.6K	0.00%
	121.	Value Liquid	Ethereum	DEXes	$542.7K	60.94%
	122.	DeFi Yield Protocol	Ethereum	Assets	$482.0K	0.85%
	123.	DeFiner	Ethereum	Lending	$476.0K	-9.47%
	124.	Ruler Protocol	Ethereum	Lending	$415.9K	0.15%
	125.	UniTrade	Ethereum	DEXes	$250.9K	20.07%
	126.	QIAN	Ethereum	Lending	$231.0K	0.40%
	127.	S Finance	Ethereum	DEXes	$101.1K	-0.02%
	128.	DeFireX	Ethereum	Assets	$39.7K	0.30%
	129.	Primitive	Ethereum	Derivatives	$27.2K	2.69%
	130.	RAY	Ethereum	Lending	$1.8K	1.71%

What is DeFi?

DeFi is an abbreviation of the phrase decentralized finance which generally refers to digital assets and financial smart contracts, protocols, and decentralized applications (DApps), most of which are built on Ethereum. In simpler terms, it's financial software built on the blockchain that can be pieced together like Money Legos. Read more about DeFi.

What’s the purpose of DeFi Pulse?

DeFi Pulse is a site where you can find the latest analytics and rankings of DeFi protocols. Our rankings track the total value locked into the smart contracts of popular DeFi applications and protocols. Additionally, we curate The DeFi List, a collection of the best resources in DeFi, DeFi Pulse Farmer, a newsletter covering the latest news and opportunities in DeFi. You can also learn about developments and opportunities in the Polkadot and Kusama ecosystem by subscribing to our Dot Pulse newsletter.

How do we calculate total value locked (TVL)?

DeFi Pulse monitors each protocol’s underlying smart contracts on the Ethereum blockchain. Every hour, we refresh our charts by pulling the total balance of Ether (ETH) and ERC-20 tokens held by these smart contracts. TVL(USD) is calculated by taking these balances and multiplying them by their price in USD. You can view the open source project adapters that power our metrics here.

How do I get involved in DeFi?

Decentralized finance is open for anyone to take part in. You can start by exploring the resources found on The DeFi List. Stay informed on the latest news and opportunities in DeFi by subscribing to the DeFi Pulse Farmer newsletter. You can also learn about developments and opportunities in the Polkadot and Kusama ecosystem by subscribing to our Dot Pulse newsletter. And if you’re looking to dive head first into the world of DeFi, we’ve written a beginner’s guide called Zero to DeFi. It will teach you the basics, guiding you through how to start earning passive income via DeFi lending services.

How do I get my project listed on DeFi Pulse?

Check out this step by step guide on how projects can partner with DeFi Pulse to join the DeFi Pulse Leaderboard.